Cryptocurrency

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, and the Blockchain for Good Alliance (BGA) is set to host a special livestream event titled “WSOT 2024: Web3 Titans Tackle Global Issues.” Viewers will discover how blockchain technology can address critical global challenges, with participation from leaders at Ethereum Foundation, 3Commas, Fizen.io, and more.Streaming live on September 19 at 12PM UTC, the event will be led by Racheal Koh, Global Content Marketing at Bybit, alongside co-host TY, Partner of Blockchain for Good Alliance. The discussion will focus on blockchain technology solving real-world issues, such as improving global connectivity, empowering communities, and driving social impact.Bybit will also discuss its World Series of Trading 2024 sponsorship, which includes a contribution of 75 ETH to the Ethereum Foundation to help host the Immunefi Attackathon, a global hackathon aimed at enhancing the Ethereum ecosystem. The sponsorship is part of Bybit’s leading role in supporting blockchain innovation and security.About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, readers can please visit Bybit Press. For media inquiries, readers can please contact: media@bybit.comFor more information, readers can please visit: https://www.bybit.comFor updates, readers can please follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

Developers and parachains can now test the functionality, which allows NFTs to move between networks, starting with Asset Hub and Unique Network.Polkadot is advancing towards its Agile Coretime framework by enabling permissionless channel openings between system chains like Asset Hub, skipping the need for approval via Polkadot’s OpenGov.Polkadot’s HRMP (Horizontal Relay-routed Message Passing) channels, which currently serve as the primary message transport protocol by passing all messages through the Relay Chain, are soon to be phased out in favor of the more efficient XCMP (Cross-Chain Message Passing) system. The concept of NFT XCM is to simplify the transfer of NFTs between different parachains, giving developers and creators more flexibility. The focus now is on simplifying the fragmented NFT ecosystem, helping to streamline NFT usage across Polkadot’s many networks.“As we advance NFT XCM technical capabilities, it’s critical to address the complexity and fragmentation within the ecosystem. We are now working on organizational bridges and aligning leadership across all NFT blockchains in Polkadot,” said Charu Sethi, chief marketing officer at Unique Network.CEO Alexander Mitrovich added: “This milestone represents not just technical progress but the unification of an ecosystem. NFTs are no longer confined to one parachain; we’re building a future where they can flow freely across multiple chains.”Unique Network is inviting developers and parachains interested in testing this feature to join the environment. There’s also an opportunity for EVM (Ethereum Virtual Machine) teams to explore how this could work in their own projects.This follows Unique Network’s earlier announcement of its Cross-Chain NFTs Think Tank, introduced at the Polkadot Sub0 conference. The Think Tank seeks to find out new ways to use Cross-Chain NFTs, with major projects like Acala and Zeitgeist are already exploring integrations. More

Parachains and developers can register now to test NFT XCM functionality and get an exclusive first look at this innovation in action.Unique Network has announced it will be launching the first developer environment for NFT XCM transfers (Cross-Chain NFTs), starting with two major networks for developers and parachains in the Polkadot ecosystem. Using NFT XCM’s technology at the start of the developer environment, blockchain developers can move NFTs between Asset Hub, and Unique Network. Interested parachains can be added to the developer environment to develop NFT XCM functionality.What is NFT XCM?NFT XCM is a groundbreaking initiative developed by Unique Network, designed to simplify the transfer of NFTs (Non-Fungible Tokens) across parachains. By enabling seamless movement between different chains, NFT XCM is not just expanding accessibility but also unlocking new possibilities for creators, developers, and users alike.NFT XCM extends the limits of Web3 games and NFT collections, supporting greater use cases and making non-fungible tokens available to a larger group of on-chain users. Unique Network invites parachains, and developers to register their interest in the upcoming testing phase of NFT XCM transfers, to demonstrate its efficacy and explore applications for the technology.NFT XCM utilizes Polkadot’s Cross-Chain Messaging, the messaging format and language used to communicate between consensus systems. Developers and parachains interested in testing NFT XCM transfers are encouraged to register their interest via this form. Polkadot parachains will be added to the developer environment to develop and test NFT XCM functionality. EVM teams interested in pioneering EVM implementations of the technology in a development/test environment are also invited to register their interest.Following the development work of NFT XCM, the Unique Network team unveiled the Cross-Chain NFTs Think Tank earlier this year at Polkadot’s Sub0 conference. This initiative is designed to foster collaboration, drive innovation, and explore new use cases for Cross-Chain NFTs within the Polkadot ecosystem. Leading projects, such as Acala Network and Zeitgeist, are already exploring ways to integrate Cross-Chain NFTs into their own projects.Alexander Mitrovich, CEO of Unique Network shared:Following this, Chief Marketing Officer at Unique Network, Charu Sethi discussed the company’s efforts to foster collaboration and streamline the NFT ecosystem across Polkadot’s various blockchain networks.Unique Network is the first NFT chain built on Polkadot and Kusama, offering the most sustainable and green NFTs with advanced features for gaming, art, and fan engagement. Unique Network offers unparalleled customization, scalability, and interoperability, making it the ideal platform for advanced and innovative NFT applications.Users can learn more here: https://unique.networkContactChief Marketing OfficerCharu SethiUnique Networkcs@unique.networkThis article was originally published on Chainwire More

This death cross frequently denotes a bearish trend and may lead to a significant decline in price. Long stretches of downward movement have historically followed death crosses. Though not entirely trustworthy, a lot of analysts and traders see it as an indication that the market is about to go into a longer-lasting bearish phase. At the moment, the price of Bitcoin is close to $58,000. Bitcoin’s value may drop even further, perhaps below $55,000 or even into the low $50,000 range if the death cross is confirmed. It is crucial to remember that Bitcoin’s price has historically been quite stable, so things could still turn positive. In order to counter this bearish outlook, the bulls would need to take back control of the market and make a strong break above the $62,000 resistance level. A persistent advance above this level might signal a change in direction and possibly trigger a rally toward $65,000 or more.DOGE is still below its 50-day EMA, indicating that a sustained recovery is not yet apparent despite the recent upward momentum. DOGE has encountered strong resistance at the 50-day EMA, which is frequently used as a crucial indicator of the direction of short-term trends. It is unlikely that we will see a significant breakout in the near future at this rate, with prices circling around $0.1, barring a significant increase in buying volume or a noteworthy market catalyst. The 50-day EMA, which is currently at $0.11 must be broken above for DOGE to firmly establish its bullish momentum. Should this level be broken DOGE may proceed in the direction of the 100-day EMA which is located at $0.12. It may even endeavor to reach the 200-day EMA which is situated at roughly $0.13. Rekindling hope and putting DOGE back on track for a more significant recovery would probably result from a persistent push above these levels. If the price is unable to pick up speed, it may retreat to support levels at $0.09, where DOGE may consolidate before attempting to break higher once more.SHIB’s current trading price is approximately $0.00001333, which is significantly below its 50-day EMA and indicates that the short-term momentum is still negative. Its 100-day and 200-day moving averages are also significantly higher than the present price, adding credence to the notion that the asset is having difficulty rising at all. The token appears to be in a lifeless state, at least temporarily, as the price movement and low volume imply that SHIB’s days of being driven by hype may be over.Still, there is some hope left. SHIB has the potential to rekindle interest and drive the price higher if it can break above the 50-day EMA, which is presently at $0.000014. The token would indicate a major bullish reversal and might draw additional buyers if it breaks above the 100-day EMA at $0.000016. This could push the price back toward $0.00002 or higher. SHIB is currently at a crucial stage. For the meme coin to escape its current slump, it needs a powerful catalyst or higher trading volume. Investors may continue to see it as a dead asset with little chance of a short-term recovery until that time. If there are any indications of life, keep an eye out for a move above those important EMAs.This article was originally published on U.Today More

Token 2049 Attendees Can Collect DOTphin Proof of Presence Digital Avatars and Contribute to Real-World Environmental Impact Sovereign Nature Initiative (SNI) has joined forces with Unique Network and WalletConnect to launch DOTphin, an innovative Polkadot NFT project for attendees of Token 2049 in Singapore. Attendees are invited to visit the Polkadot booth (Booth #P34 and 42, located on level 5 of the Marina Bay Sands Convention Center) and collect their Proof of Presence (PoP) and begin their journey with DOTphin avatars which evolve through user interaction and contribute to real-world marine conservation efforts.By participating in the DOTphin experience, Token 2049 attendees can collect a PoP, unlocking stages in the avatar’s evolution, which is influenced by ecological data from SNI’s marine conservation partner, Aquasearch. This innovative fusion of blockchain and ecological impact empowers users to play a role in preserving marine life while engaging with cutting-edge technology.Once PoPs are collected, the next step is evolving the DOTphin. This can be done by visiting the REAL Evolution page on the REAL portal. The same sign-in credentials used to claim Proofs are required to connect the account. The evolution process begins with the acquisition of the primordial “orbo”, which acts as the starting point; once hatched, it marks the commencement of the DOTphin’s evolution.To evolve the DOTphin, other collected PoPs and Proofs are utilized. On the REAL Evolution page, select the evolve option, choose the Proofs to be applied, and the DOTphin will develop accordingly. Each Proof influences the characteristics of the DOTphin, making it a personalized representation of individual engagement and achievements. The selected Proofs will shape the DOTphin’s evolution, creating a unique avatar.The DOTphin avatar aesthetic is heavily influenced by the artistic style seen in Japanese anime. This design decision creates a significant and relatable connection between the general audience and the digital companion and promotes the idea of caring for an object as it evolves over time. The acclaimed designer behind the art is Daria Smakhtina, from Ephemera One.About Sovereign Nature InitiativeSovereign Nature Initiative (SNI) is a non-profit organization dedicated to rethinking the economics of biodiversity conservation and restoration. Leveraging cutting-edge technologies, SNI creates innovative solutions that connect digital assets with real-world ecological impact. Through its proprietary tech stack—DEEP Protocol and the REAL Portal—SNI integrates live ecological data into digital collectibles, ensuring a sustainable funding channel for biodiversity efforts. The DEEP protocol gathers data from biodiversity stewards, while the REAL Portal continuously verifies commitments, linking users to tangible proof of their environmental contributions. SNI’s work, including pioneering projects like DOTphin, fosters community engagement and creates a new form of digital accountability for conservation.About PolkadotPolkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, users are not just participants, they’re co-creators with the power to shape its future.ContactPRJonathan DuranDistractiveJonathan@distractive.xyzThis article was originally published on Chainwire More

New global crypto exchange offers competitive leverage and yield-earning cash sweeps, offering users up to 8% on cash and stablecoin balances.Figure Markets, a leading decentralized custody marketplace for digital assets, today unveiled its global crypto exchange based out of the Cayman Islands, offering a wide array of new features and yield-earning opportunities. One of the standout offerings is a new yield sweep for eligible global users on cash and stablecoin balances with rates up to 8% annualized. U.S. users may also benefit from earning up to 3% annualized on USD balances held at an FDIC-insured bank.Following its U.S. launch in August, the launch of the Cayman-licensed global crypto exchange is part of Figure Markets’ ongoing mission to democratize finance by providing robust trading options and advanced financial products to users worldwide. The global platform is designed to enhance the trading experience by offering a high cash leverage and a decentralized custody solution and cross-collateralization that keeps users in control of their assets, reducing the risks associated with traditional centralized exchanges.“We’re committed to righting the wrongs of the past and providing users with the tools they need to trade, borrow, and invest on the platform while minimizing exchange risk,” said Mike Cagney, CEO and Co-Founder of Figure Markets. “This global expansion is a major milestone for us in addressing the issues caused by centralized exchanges and leveling the playing field for all traders. We are building a financial ecosystem where everyone has the opportunity to be an owner.”Cash yields on non-USD and stablecoin balances are derived from an innovative fund backed by real-world assets on blockchain. The fund operates with daily liquidity and automatic sweeps to ensure user funds are always working to generate returns.“We are excited to introduce this innovative feature that directly addresses the needs of our members,” said June Ou, President of Figure Markets. “By offering the ability to earn high returns on idle cash while mitigating trading friction, we are empowering our traders to optimize their capital and enhance their overall trading experience.”Along with the new yield offering, the exchange is also offering qualified members up to 5:1 margin. Exchange members can cross-collateralize their positions seamlessly – using BTC balances to buy ETH, for example. This will be complemented by upcoming higher and expanded leverage offerings, including a broad set of perpetuals covering crypto, commodities, FX and equities by year-end.About Figure MarketsFigure Markets is democratizing finance through blockchain. Figure Markets is building the exchange for everything – a decentralized custody marketplace for crypto, stocks, bonds, credit and more. The company is bringing best-in-class leverage, margining, and liquidity to our exchange, while offering our members extensive borrowing options and unique investment opportunities. Figure Markets puts its members in control of their assets and data, disintermediating legacy brokers, exchanges and lenders.Figure Markets is backed by leading venture capital firms and strategic partners, including Jump Crypto, Pantera, Distributed Global, Faction Lightspeed, NewForm Capital and CMT Digital. Figure Markets was founded by a seasoned team of entrepreneurs and operators from TradFi, fintech, and DeFi, including Mike Cagney and June Ou.Learn more at www.figuremarkets.com.Contact informationPaula Machado JacklerDirector, MarketingFigure Marketspress@figuremarkets.com ContactPaula Jacklerpjackler@figuremarkets.comThis article was originally published on Chainwire More

Basebet.io, the leading blockchain-powered casino and sportsbook, is excited to introduce the $BBT token. The $BBT token provides players with access to staking opportunities, VIP program acceleration, and enhanced jackpot features, creating new avenues for engagement on the platform.The pre-sale for the $BBT token begins Wednesday at 10 AM EST, offering early participants exclusive bonuses.What Is $BBT?The $BBT token is integrated into the Basebet.io platform, allowing holders the chance to benefit from high-yield staking, expedited VIP progression, and increased jackpot opportunities. Users can leverage these features for more seamless participation in the Basebet.io ecosystem.Key Features of $BBT:Pre-Sale InformationThe $BBT token pre-sale starts Wednesday at 10 AM EST, giving early participants access to exclusive bonuses and discounted rates. Those who want to join should visit Basebet.io and follow the easy steps to purchase $BBT tokens. Pre-sale participants will enjoy exclusive bonuses and additional rewards before the token officially launches.Key Features of $BBT’s TokenomicsThe $BBT token offers more than just in-game utility; it is designed to evolve alongside the Basebet.io ecosystem. Here are some key features supporting its long-term potential:Users can stay connected with Basebet.io on social media: Twitter: https://x.com/BasebetioDiscord: https://discord.com/invite/basebetio Telegram: https://t.me/BasebetioContactBasebetpartners@basebet.ioThis article was originally published on Chainwire More

UBI Project Achieves Unprecedented 50,000% Growth in Recent MonthsBioMatrix, a leading project at the intersection of Web3 and AI technologies, announced a significant milestone by surpassing 1 million registered users on its app. This news was shared by BioMatrix’s Chief Technology Officer, Jack Wang, during his keynote at the InnoBlock 2024 Web3 Innovation Festival, held as part of Token 2049 in Singapore.In his remarks, Wang addressed the growing concern about the impact of artificial intelligence (AI) on the workforce, highlighting fears of widespread job displacement. He emphasized the crucial role that Web3 technologies can play in addressing these challenges by creating decentralized, user-owned platforms. According to Wang, such platforms can foster economic self-sufficiency through innovations like Universal Basic Income (UBI). By leveraging BioMatrix’s platform, individuals can gain direct access to digital assets and explore new income streams, ensuring financial inclusion in an increasingly AI-driven world.Launched in April 2024, BioMatrix has experienced exponential growth in demand signals for its digital Universal Basic Income (UBI) solutions during times of global economic change. At the core of this growth is the groundbreaking Proof of You (PoY) AI Tokens, the world’s first free-for-life AI tokens. Upon registering on the BioMatrix app, users receive PoY AI Tokens each month for 60 years—ensuring lifelong access to digital assets. PoY AI Tokens represent a new generation of completely personalized artificial intelligence and blockchain technologies. Currently available on Google (NASDAQ:GOOGL) Play, the App Store and on a web-app, the BioMatrix app also provides users the opportunity to engage in the project’s growing ecosystem that includes interactive games, videos, and will soon launch opportunities to exchange PoY AI Tokens for goods and services. BioMatrix is revolutionizing the field of financial inclusion through Proof of You (PoY) AI Tokens and giving users the key to Universal Basic Income with secure, feeless digital asset transactions. Through the use of advanced biometric technology and blockchain, BioMatrix empowers individuals to receive and trade personalized AI tokens, enabling long-term economic sustainability. With over 1 million users since its inception in April 2024, it is at the forefront of innovation in Web3, bridging the space between traditional and decentralized finance.Website: www.biomatrix.aiContactAC TechnologyBioMatrixMedia@biomatrix.aiThis article was originally published on Chainwire More